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Overview of SelectUSA, a Cross-Agency Initiative to Increase and Facilitate Foreign Direct Investment.

Background Information

Wednesday, February 1, 2012

Aaron Brickman,

Excerpt from initiative announcement:

About SelectUSAEstablished by Executive Order of the President, SelectUSA is a government-wide initiative to encourage, facilitate, and accelerate business investment in the United States by both domestic and foreign firms to create jobs, spur economic growth, and promote American competitiveness. In an era of global capital mobility, the United States faces increasing competition in retaining, attracting, and reshoring the industries and jobs of the future. SelectUSA provides enhanced coordination of existing resources and functions across all federal agencies with operations relevant to business investment decisions. It works in partnership with state, regional, and local economic development organizations to promote and facilitate U.S. business attraction, retention, and reshoring. SelectUSA works on behalf of the entire nation and exercises strict geographic neutrality.

What does SelectUSA do?SelectUSA supports business investment in the United States by:• Marketing and promoting the United States as the premier business location• Providing investors with a single point of entry for information on federal programs and serving as ombudsman and national advocate for investment in the United States• Assisting state and local governments, at their request, to address regulatory barriers for domestic and foreign firms seeking to invest in the United States• Coordinating across federal agencies to provide services that supplement U.S. state, regional, and local resources to attract, retain, and expand business investment in the United States• Managing SelectUSA.gov to provide comprehensive information on federal programs and services available to companies locating in the United States

How does SelectUSA work?

Housed in the U.S. & Foreign Commercial Service within the International Trade Administration at the U.S. Department of Commerce, SelectUSA provides enhanced coordination to existing resources and functions within Commerce and across federal departments and agencies with operations relevant to its mission. It works in partnership with state, regional and local economic development organizations to promote and facilitate overall U.S. business attraction and retention.

SelectUSA is a U.S. Government-wide initiative, coordinating the collective investment-related resources of the federal government

SelectUSA has convening authority for the Federal Interagency Investment Working Group to respond to specific federal-level concerns impacting the attraction and retention of business investment

SelectUSA engages proactively by promoting investment in the United States and reactively through an ombudsman and investor engagement

SelectUSA welcomes all questions, comments, and inquiries at SelectUSA.gov, 202-482-6800 or via U.S. Government personnel around the world

SelectUSA demonstrates the Obama Administration’s commitment to enhancing U.S. efforts to win the global competition for business investment by leveraging United States resources and advantages as the premier business location in the world.

For more information or to join the SelectUSA mailing list, please visit selectUSA.gov.